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gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good quarter for us. and a challenging environment. being able to grow revenue, grow profits as you mentioned year-over-year. our margins are up slightly, strong cash flow. got some important launches away this quarter in terms of new vehicles into the market for cadillac and other of our brands. so good quarter overall, and we've made some progress on some of the tough issues in front of us including pensions and we're making reasonable progress in europe. >> and we'll talk about europe in a bit. but i want to ask you about revenue. nearly $2 billion better than
gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good...
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just before the bell, we'll hear from gm, mastercard and mgm resorts, southern company, and waste management. >>> still to come, we'll continue our coverage of sandy. after the break, we'll get a forecast of some of the weather channel and we'll find out how it could impact the election as the president gets set to tour new jersey. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> you are watching "worldwide exchange" and these are your headlines. sandy leaves a massive path of devastation in its wake as r residents belong a long and costly recovery process. >>> barclays with two new investigations in the u.s. as the bank u
just before the bell, we'll hear from gm, mastercard and mgm resorts, southern company, and waste management. >>> still to come, we'll continue our coverage of sandy. after the break, we'll get a forecast of some of the weather channel and we'll find out how it could impact the election as the president gets set to tour new jersey. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get...
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10/12
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they went from, there was an old gm and a new gm, so they went through kind of a managed bankruptcy after all the bailout work was done. >> then ford did it all on their own. >> wait, this is not true. that is not true. ford had the timing on their side. they went and renegotiated their debt before the 2008 crisis hit. they happened to have an advantage of going to wall street to renegotiate their borrowing authority and it was the calendar. >> the ceo of ford said about mitt romney's prescription. he said if gm and chrysler had gone into a free fall bankruptcy, they would have taken the entire supply chain and auto agency with it. he said that in 2010. so that's really what -- >> speculation is not accurate. >> it is because there was no way that private capital were going to keep those companies alive into a chapter 11 reorganization. they would have gone into liquidation. we would have lost not only those two companies, but the supply chain. >> what he said, these are his words, the american auto industry is vital to our national interest as employer and hub for manufacturing, a manage
they went from, there was an old gm and a new gm, so they went through kind of a managed bankruptcy after all the bailout work was done. >> then ford did it all on their own. >> wait, this is not true. that is not true. ford had the timing on their side. they went and renegotiated their debt before the 2008 crisis hit. they happened to have an advantage of going to wall street to renegotiate their borrowing authority and it was the calendar. >> the ceo of ford said about mitt...
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the president of gm came out -- >> afterward. >> -- and said wrong. they have just hammered romney on this. the poignant comment to make is the political media. when you get right down to saying something that's not true, particularly in the day of fact checkers, it's dangerous. >> i would argue, debra, the fact checkers have a less. in this ad the wording is very careful. sold chrysler to italians who are going to build jeeps in china. it doesn't say but implies that some of those are the american jobs. >> here's what sort of drives me crazy about this. i look them up. i look them up on the ad and he gives it four pinocchios and he writes, quote, technically correct but misleading. i don't know. if it's technically correct doesn't it mean it's a two-pinocchio thing or something? bill says we expect ads to be a little misleading. >> let me get a brief comment from you. >> the romney ad, second radio ad started. he said he saved the auto industry. for ohio or china. that is not -- you know what romney's trying to say. there's no doubt what he's trying
the president of gm came out -- >> afterward. >> -- and said wrong. they have just hammered romney on this. the poignant comment to make is the political media. when you get right down to saying something that's not true, particularly in the day of fact checkers, it's dangerous. >> i would argue, debra, the fact checkers have a less. in this ad the wording is very careful. sold chrysler to italians who are going to build jeeps in china. it doesn't say but implies that some of...
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look, candy, it's not gm. it's chrysler, first of all. >> sorry. i'm sorry. >> jeep has said they're going to reopen a facility that was closed after daimlerchrysler, you know, broke apart years ago. it will be in china to produce for the chinese market, and that's all the ad says. there's nothing inaccurate about it. those jeeps are now being produced in america, and they're being exported to china in an asian market. >> the suggestion that the jobs are being exported has been denied by the auto companies. >> well, there's -- you know, that's a suggestion that you might want to make, but, you know, that's not what the ad said. i'm delight chrysler is making an investment, and fee at is making an investment in ohio. i'm supportive of that. it's great if they want to expand production here. i hope they will. the fact is that we now are proud to send to china, to estaz wra. we export about 25% of what we make here, and so if you're going to start production facilities overseas, obviously we're going to lose some of our exports here. that's all the ad
look, candy, it's not gm. it's chrysler, first of all. >> sorry. i'm sorry. >> jeep has said they're going to reopen a facility that was closed after daimlerchrysler, you know, broke apart years ago. it will be in china to produce for the chinese market, and that's all the ad says. there's nothing inaccurate about it. those jeeps are now being produced in america, and they're being exported to china in an asian market. >> the suggestion that the jobs are being exported has...
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months later when gm and chrysler asked pour more taxpayer money, congress refused. so the president did it on his own. >> we cannot and must not and we will not let our auto industry simply vanish. >> and he went against the advice of his own -- some cases, his own advisers. >> he bailed out the auto industry anyway in a wildly unpopular move opposed by nearly three quarters of americans. as well as his future republican opponent mitt romney. at first the restructuring of the industry cost thousands their jobs. >> when you look at everything from the auto bailout which was very unpopular at the time. if i'd been leading with emotions or had my political hat on, we might not have done, but saved a million jobs. >> ultimately, the bailout saved jobs and it provided the industry a safety net. but the president was not effective at selling it. >> it would be great if you were sitting down for an hour-long lecture in a classroom but not necessarily try to sell it to the public. he doesn't think in sound bites. >> while the president pushed forward on his agenda, his crit
months later when gm and chrysler asked pour more taxpayer money, congress refused. so the president did it on his own. >> we cannot and must not and we will not let our auto industry simply vanish. >> and he went against the advice of his own -- some cases, his own advisers. >> he bailed out the auto industry anyway in a wildly unpopular move opposed by nearly three quarters of americans. as well as his future republican opponent mitt romney. at first the restructuring of the...
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. >> look where gm is now. if the government didn't step in, might not be working, might not have a job. >> here at gm's lordstown, ohio, plant, they're cranking out the chevy cruz. they're got from one shift of 100 workers to three shifts with 4500 workers today. but like most autoworkers these days, she felt the pain of the layoffs. >> how much does it play into politics for you in this election? >> it means everything. >> everything? >> everything. we're doing real well right now. >> her coworkers told us a similar story. who are you supporting for president? >> obama. >> why? >> because he's for the working class. and he helped with the bailout. >> it speaks about his dar character, speaks about his concern for us. >> in warren, ohio, some former autoworkers are angry. >> i was one of the innovators. bruce worked for delphi for 34 years, a senior engineer, nonunion. >> what did the auto bail out mean to you? >> the effect on me and my family is a loss of all my health care insurance, a loss of all my life i
. >> look where gm is now. if the government didn't step in, might not be working, might not have a job. >> here at gm's lordstown, ohio, plant, they're cranking out the chevy cruz. they're got from one shift of 100 workers to three shifts with 4500 workers today. but like most autoworkers these days, she felt the pain of the layoffs. >> how much does it play into politics for you in this election? >> it means everything. >> everything? >> everything. we're...
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executives from chrysler and gm came down hard on the romney campaign for it, calling it the most cynical kind of campaign politics n that area and every area here matters, you can tell that particular campaign gamut backfired. >> but mitt romney is still kpetive in ohio. >> this is a mainstream republican state. there is a reason no republicans won the white house not winning ohio. there is a deep republican tradition in this state. the fact that it's an obama fire wall is what is remarkable. this is a state that mitt romney could do well. he should do well. running the obama's campaign core strategy appealing to middle class voters, working class whites in this state makes a big difference when it comes to ground game and that critical early voting. mitt romney has had a real problem connecting to those folks. >> who is he leading with in ohio? >> president obama is leading with women. he's leading with centrist business 0 points. losing independents by two points. losing white men by a considerable margin. leading with folks who make undered 50 e$50,000 a year. so the national themes a
executives from chrysler and gm came down hard on the romney campaign for it, calling it the most cynical kind of campaign politics n that area and every area here matters, you can tell that particular campaign gamut backfired. >> but mitt romney is still kpetive in ohio. >> this is a mainstream republican state. there is a reason no republicans won the white house not winning ohio. there is a deep republican tradition in this state. the fact that it's an obama fire wall is what is...
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the obama campaign hit back on air -- >> gm calls romney's ads politics at it's cynical worst. >> on the stump, the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign. that's not changed, that's the oldest trick in the book and that's what he's been doing the last few weeks. and i know what real change looks like because i fought for it. right alongside him. and after all we have been through together, we sure can't give up now. >> now, wolf, the romney campaign was quick to hit back saying in part that the auto companies are expanding their production with jobs overseas, to be clear, they're not moving their jobs overseas, but they're adding new jobs overseas. they say that unemployment has risen since the president has been in office. now, one maybe lighter note, wolf, i did mention that david ax axlerod saying the speeches are coming from the president's loins, and it has it's own twitter handle already. >> didn't take long, very cute. the president, in the last four days, it's going to get tough out there. >> it'
the obama campaign hit back on air -- >> gm calls romney's ads politics at it's cynical worst. >> on the stump, the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign. that's not changed, that's the oldest trick in the book and that's what he's been doing the last few weeks. and i know what real change looks like because i fought for it. right alongside him. and after all we have been through together, we sure...
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that's a gm product that is the direct result of the president's intervention to bail out the automobile industry. >> as a former commander yourself, how do you think the president's done this week in terms of his role as commander in chief in what was really a national crisis? >> i think he's done extremely well in terms of his sympathy and empathy for the groups, his visit. i think he was smart not to go into new york city, where it's too congested, too many problems. i think he's also done well in terms of showing the power of the office by just the latest move of having the military assist in delivery of fuel. it also shows up the hollowness of governor romney, his flip-flopping. for example, on the issue of fema, he was suggesting months ago that maybe you don't need a federal emergency management agency, maybe you can just let each state fend for itself. now, imagine where we would be if someone had actually taken that advice and killed fema. you would have new york, new jersey, each fighting with each other for scarce resources, for fuel, for power, for electric line repair, compe
that's a gm product that is the direct result of the president's intervention to bail out the automobile industry. >> as a former commander yourself, how do you think the president's done this week in terms of his role as commander in chief in what was really a national crisis? >> i think he's done extremely well in terms of his sympathy and empathy for the groups, his visit. i think he was smart not to go into new york city, where it's too congested, too many problems. i think he's...
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industry is back, and i'm in toledo where there is a jeep plant and i was in youngstown where the large gm plant exists. look at the swing states, florida, ohio and virginia and florida's unemployment rate is high er th higher that on the national average but virginia and ohio are lower. around here people are feeling good and like it is in an upswing. i'm in toledo and they have a good deal of vacancy in the downtown buildings, but they are coming back. the question is who do you credit? this state has a republican governor like florida and virginia and wisconsin and who to you credit for this? most people talking about here are showing what the polls are showing a slight edge for obama. and the question is who goes otut vote and whout to vote, and what happen s s toe undecideds, because there are still some. >> and we will let the viewers know how it stands in ohio. i though you have to get back on the tour bus. appreciate your doing that for us. >>> and the key battleground state ohio, and no offense, florida, because we love you, too. but i want to let you know about a buckeye presiden
industry is back, and i'm in toledo where there is a jeep plant and i was in youngstown where the large gm plant exists. look at the swing states, florida, ohio and virginia and florida's unemployment rate is high er th higher that on the national average but virginia and ohio are lower. around here people are feeling good and like it is in an upswing. i'm in toledo and they have a good deal of vacancy in the downtown buildings, but they are coming back. the question is who do you credit? this...
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until just a week before the election. >> as the ad itself says, major executives support governor romney and have point out people on the obama economic council are supporting mitt romney, because he does have a plan on day one to turn this country around in terms of jobs. and with the auto economy and everything else, you need to put people back to work. on day one, he is going to get the energy economy going and allowto allow us to have keystone pipeline opened up, and then he is going to increase economic opportunity for everybody, so that's why he's having so many people, even people on the president's own e
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until...
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the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right? >> no. yeah. but very unusual. they tried to stay out of it and very unusual for spokesman to unload that kind of harsh language against the romney campaign in this particular ad. >> john avalon from youngstown, ohio. today's talk back question. will sandy change the election? facebook.com/carolcnn. [ female announcer ] ready for a taste of what's hot? check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. that bringi
the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right?...
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central focus of the debate. we have spoken to senators on both democrat and republican sides of the aisle, senator rob portman and sherrod brown about this ad. take a listen. >> i say it is the most disingenuous ad i've ever seen. they know better. they know the auto rescue worked. they know that ohio reasons connected directly or indirectly to the auto rescue and they know that governor romney and my opponent's opposition to the auto rescue, they're trying to crowd the issue and it is pretty outrageous. >> it is their game to the extent it is reported in the media and that's all they have said, there is reports this coul
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central...
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. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> really? after all that federal bailout money, it's china that will get all the jobs? right away, the white house unleashed its attack dogs. >> they're running the most scurrilous ad in ohio. they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says. that's what the ad said. it's an outrageous lie. >> don avalon is a cnn contributor who also serves as a senior political columnist for "ne "newsweek" and the daily beast. joining from us youngstown, ohio. i know you've done a lot of reporting on this issue. is the ad inaccurate? >> reporter: the ad is inaccurate, but it really is resonating here in ohio, and not in a good way for the romney campaign. a lot of voters i've spoken to, they've heard about the ad, they've seen it and understand it's an attempt to muddy the waters and play fast and loose with the f
. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> really? after all that federal bailout money, it's china that will get all the jobs? right away, the white house unleashed its attack dogs. >> they're running the most scurrilous ad in ohio. they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says....
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months later when gm and chrysler asked for more taxpayer money, congress refused. so the president did it on his own. >> we cannot and must not and we will not let our auto industry simply vanish. >> and he went against the advice of his own -- some cases, his own advisers. >> he bailed out the auto industry anyway in a wildly unpopular move opposed by nearly three quarters of americans. as well as his future republican opponent mitt romney. at first the restructuring of the industry cost thousands their jobs. >> when you look at everything from the auto bailout which was very unpopular at the time. if i'd been leading with emotions or had my political hat on, we might not have done, but saved a million jobs. >> ultimately, the bailout saved jobs and it provided the industry a safety net. but the president was not effective at selling it. >> it would be great if you were sitting down for an hour-long lecture in a classroom but not necessarily try to sell it to the public. he doesn't think in sound bites. >> while the president pushed forward on his agenda, his crit
months later when gm and chrysler asked for more taxpayer money, congress refused. so the president did it on his own. >> we cannot and must not and we will not let our auto industry simply vanish. >> and he went against the advice of his own -- some cases, his own advisers. >> he bailed out the auto industry anyway in a wildly unpopular move opposed by nearly three quarters of americans. as well as his future republican opponent mitt romney. at first the restructuring of the...
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ohio romney is still running ads accusing the president of sending jobs of bailed out car companies gm and chrysler to foreign. nowhere in the ads does it mention romney opposed the auto bailout. gm officials blasted the spot to a detroit newspaper saying no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repate rating properties back to this country. polls receiving high marks for his handling of superstorm sandy, it's unclear how much the race has changed. hoping to recapture the momentum he had before the storm, romney recycled a line of attack he used presandy. >> he's been out talking about how he's going to save big bird and then playing silly word games with my last name, or first. and then attacking me day in and day out. >> reporter: the storm also interrupted romney's closing argument which he was supposed to start delivering last monday. instead, he has five days left to make his case against a president who has emerged from sandy perhaps now tougher to beat. wolf. >> jim acosta on the campaign trail with mitt romney
ohio romney is still running ads accusing the president of sending jobs of bailed out car companies gm and chrysler to foreign. nowhere in the ads does it mention romney opposed the auto bailout. gm officials blasted the spot to a detroit newspaper saying no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repate rating properties back to this country. polls receiving high marks for his handling of superstorm sandy, it's unclear how much...
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it's the big gm lordstown plant. ohioans are really attached to the auto industry, and they definitely feel a lot of relief. there is three shifts going on at these plants. they were down to one in some cases and manufacture these plants were down to being shut. we are definitely sensing that people feel things are a little bit better. the question, suzanne, is who do they credit for that? >> and the other thing, too, is, of course, we've heard from the president saying, look, this is evidence that this is 32 straight months of private sector growth, and you have mitt romney on the other side saying that it's a sad reminder that the economy is at a standstill. his own words. beyond the spin here, what do you think voters are hearing when they hear this number today, and does it even change their perception at all of how the economy is doing? to either one of you. >> suzanne, you know, the uptick is not great news for the obama campaign. it is still -- >> this is a 7.8% to 7.9%. >> that's the top line number that peop
it's the big gm lordstown plant. ohioans are really attached to the auto industry, and they definitely feel a lot of relief. there is three shifts going on at these plants. they were down to one in some cases and manufacture these plants were down to being shut. we are definitely sensing that people feel things are a little bit better. the question, suzanne, is who do they credit for that? >> and the other thing, too, is, of course, we've heard from the president saying, look, this is...
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months later when gm and chrysler asked for more taxpayer money, congress refused. so the president did it on his own. >> we cannot and must not and we will not let our auto industry simply vanish. >> and he went against the advice of his own -- some cases, his own advisers. >> he bailed out the auto industry anyway in a wildly unpopular move opposed by nearly three quarters of americans. as well as his future republican opponent mitt romney. at first the restructuring of the industry cost thousands their jobs. >> when you look at everything from the auto bailout which was very unpopular at the time. and if i'd been leading with emotions or had my political hat on, we might not have done, but saved a million jobs. >> ultimately, the bailout saved jobs and it provided the industry a safety net. but the president was not effective at selling it. >> it would be great if you were sitting down for an hour-long lecture in a classroom but not necessarily trying to sell it to the public. he doesn't think in sound bites. >> while the president pushed forward on his agenda, h
months later when gm and chrysler asked for more taxpayer money, congress refused. so the president did it on his own. >> we cannot and must not and we will not let our auto industry simply vanish. >> and he went against the advice of his own -- some cases, his own advisers. >> he bailed out the auto industry anyway in a wildly unpopular move opposed by nearly three quarters of americans. as well as his future republican opponent mitt romney. at first the restructuring of the...
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you know, no trading of gm or google today. stock markets are closed. the nasdaq and new york stock exchange will shut down because of this storm. the nyse hasn't been closed for weather since hurricane gloria in 1985. the bond market will close early today at noon eastern. some 284,000 homes are in the path of this huge storm. 87 billion dollars in home at risk because of storm surge alone. protecting all that property meant a rush for retailers this weekend, selling flashlights, flywood, food, water. now the retailers are shutting their doors in the northeast and mid-atlantic and insurance companies are preparing for the claims about to come. quick reminder about your homeowners insurance. you want to check, soledad. you want to check and see what your coverage is. make sure you slide all of your paperwork in a ziplock bag and keep that with you. next couple of days will be crucial. >> very smart to do that now when it's not an emergency yet and you're holed up at home anyway. let's get to newark new jersey mayor cory booker. he comes on our show a fa
you know, no trading of gm or google today. stock markets are closed. the nasdaq and new york stock exchange will shut down because of this storm. the nyse hasn't been closed for weather since hurricane gloria in 1985. the bond market will close early today at noon eastern. some 284,000 homes are in the path of this huge storm. 87 billion dollars in home at risk because of storm surge alone. protecting all that property meant a rush for retailers this weekend, selling flashlights, flywood,...
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. (laughter) >> jon: sold chrysler to italians what, we're afraid of italians now? >> if obama wins, it will be the pope deciding what you drive. (laughter) one day they're ruining our car companies, the next day they'll be kissing our daughters with their garlicky lips. (laughter) by the way, apparently the classic italians are going to move american jeeps making jobs to china. why you say these things, mitt romney. kuz now i gotta makea the nice people of ohio say another ad saying that's [bleep]. >> after romney's false claim of jeep outsourcing to china chrysler itself has refuted romney's lie. >> jon: how out there is mitt romney, i a car company, the people who convince you you need the undercoating are coming after him for his dishonesty. (laughter) you might say well hey, why don't they just turn off the tv and leave the house and live their life. >> because you can't hide, because the candidates are [bleep] everywhere. >> it's goods nobody toldo, ohio. >> thank
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. (laughter) >> jon: sold chrysler to italians what, we're afraid of italians now? >> if obama wins, it will be the pope deciding what you drive. (laughter) one day they're ruining our car companies, the next day they'll be kissing our daughters with their garlicky lips. (laughter) by the way, apparently the classic italians are going to move american jeeps making...